Housing’s Worst Crisis in Decades Reverberates Through 2024 Race
- Harris proposes 3 million units to ease housing shortage
- Trump plans to open up federal lands for housing development
In swing states the median monthly payment for homebuyers has nearly doubled since the 2020 presidential election to a record $2,161, according to a July report from brokerage Redfin.
Photographer: Jordan Vonderhaar/Bloomberg
The Democratic mayor of Phoenix recently declared the US housing crisis an “all hands on deck challenge.” Her counterpart in Columbus, Ohio, lamented its toll on “every rung of the socioeconomic ladder.” The mayor of New York City bluntly proclaimed, “We have to get in the business of building housing.”
Their words reflect an increasing sense of urgency about the nation’s worst housing quagmire in decades – and help explain how a topic that is often confined to local zoning board hearings and city council meetings has ended up at the center of national politics.